In the first half-year 2008 the Lufthansa Group reported revenue of EUR 12.1 billion (previous year: EUR 10.1 billion) and increased the operating result by EUR 219 million to EUR 705 million. This reflects the altogether stable operating performance and an earnings contribution of EUR 157 million from the fully consolidated SWISS. Net profit for the period came to EUR 402 million. Last year’s figure of EUR 992 million included book gains from the sale of the Thomas Cook stake (EUR 503m) and the share buy-back by WAM Acquisition S.A. (EUR 71million).
The Executive Board continues to expect that for the full year 2008 it will follow up on last year’s operating result. Risks lie in a renewed and lasting increase in fuel prices, a sustained decline in the world economy and acute in the as yet unforeseeable effects of the strike actions in the course of ongoing wage negotiations.
